by Wiggin and Dana LLP | Sep 15, 2019
On September 18, 2013, the Securities and Exchange Commission charged Shadron L. Stastney with breaching his fiduciary duty to the hedge fund he advised by engineering an undisclosed principal transaction in which he had a financial conflict of interest, thereby...
by Wiggin and Dana LLP | Sep 15, 2019
In August 2013, the Third Circuit Court of Appeals issued two opinions reversing district court certification of consumer classes because the plaintiffs in each case had failed to present a viable way of demonstrating that each proposed class member had purchased the...
by Wiggin and Dana LLP | Sep 15, 2019
At the recent IAWatch fall conference in Philadelphia, Pa., Mark Dowdell, Assistant Regional Director in the SEC’s Philadelphia Office of Compliance Inspections and Examinations (“OCIE”), provided a preview of the SEC’s examination priorities...
by Wiggin and Dana LLP | Sep 15, 2019
Recent decisions from the United States District Court for the Southern District of New York and the Connecticut Appellate Court revisit a familiar yet sometimes perplexing question: Am I transacting in “goods” under the Uniform Commercial Code...
by Wiggin and Dana LLP | Sep 15, 2019
The SEC’s Division of Trading and Markets issued guidance on Monday in the form of FAQs addressing concerns about failure-to-supervise charges being brought against broker-dealer compliance and legal personnel. Under Section 15(b)(6) of the Exchange Act, the...
